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<p>The main objective of using Chandelier Exit is to alert the trader to a possible trend reversal after an extended trend. During lower volatility trading sessions, traders set small trailing stop losses. This allows them to close their trades near the top and get maximum returns on their investments. The possibility of a trend reversal is low during low volatility trading sessions. However, in higher volatility trading, traders set a larger trailing loss in order to protect themselves from choppy trading.</p>
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<p id="isPasted">The Chandelier Exit indicator is a tool for technical analysis that helps traders manage risk by providing a dynamic trailing stop-loss level, allowing them to stay in a winning trade as long as the trend continues while limiting potential losses. It calculates a stop level based on a multiple of the Average True Range (ATR) above the highest price in an uptrend and below the lowest price in a downtrend, helping to identify when a trend may be reversing. </p><p><br></p>
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